Franks Foundation
- Assets
- $0.0
- Revenue
- $256.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Booneville, MS
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 64-0845922
Organization Overview
Franks Foundation is located in Booneville, MS. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Franks Foundation generated $256.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $133.2k during the year ending 12/2021. While expenses have increased by 16.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Franks Foundation has awarded 330 individual grants totaling $413,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Jumper President | 0 | $0 | |
Don Murphy Secretary | 0 | $0 | |
Kermit V Jones Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $79,291 |
| Net Rental Income | $10,282 |
| Net Gain on Sale of Assets | $162,179 |
| Capital Gain Net Income | $162,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,677 |
| Total Revenue | $256,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,559 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $60 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $27,686 |
| Contributions, gifts, grants paid | $105,500 |
| Total expenses and disbursements | $133,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Franks Foundation has awarded $105,500 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
JAMES TORRENT PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
DAVID TORRENT PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
ELIZABETH GANN PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
JOHN COBB PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
ELIZABETH MCFARLING PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
ASLAN ANTHONY PURPOSE: SCHOLARSHIP FOR HIGHER EDUCATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |